Louise Burke, Senior Analyst, JLL
SCN invited five women leaders in the field of property research to give us their thoughts on the current state of the industry and the future. It’s an interesting feature....
Pialba Place goes wild for the spring school holidays
With school holidays around the corner, Hervey Bay’s locals and visitors will be able to experience ‘Virtually Wild’ which brings an immersive safari experience to Pialba Place. From next week, families can...
Brand new state-of-the-art Shopping centre in booming Western Sydney comes to market
JLL has listed a brand-new state-of-the-art neighbourhood shopping centre – Caddens Corner – coupled with an adjoining 3.3-hectare high-density residential development site in Sydney’s western growth corridor at Caddens, just outside of Penrith’s...
JLL’s latest Retail Centre Managers’ Insights report
JLL’s latest Retail Centre Managers’ Insights report shows strong supermarket sales supported surrounding retailers in neighbourhood centres, while apparel, travel centres and F&B contributed to store closures in sub-regional centres...
The Square Mirrabooka unveils Kadidjiny Djet mural
The Square Mirrabooka, owned by The Perron Group, and managed by JLL unveiled their second mural, Kadidjiny Djet, as a part of their community art trail program. The mural was painted by...
JLL Report indicates convenience retail will outperform
In the latest JLL Retail Investment Outlook Report for 2H the report reveals investors are becoming more optimistic about the outlook for retail given the recent rebound in performance from...
RG Property sells The Village Dandenong Shopping Centre in off-market deal
Woolworths anchored The Village Dandenong Shopping Centre in Melbourne’s south-east has sold for $29.1 million to a Chinese private investor, reflecting an initial yield of 5.19%. The off-market transaction was...
Toria Daniel, JLL
The Shopping Centre industry is driven by people. It’s the skills and expertise of the people that manage, develop and evolve shopping centres for their communities that creates this great...
Two Victorian neighbourhood shopping centres come to market
Two Melbourne based private investors bring their neighbourhood shopping centres to market this week, both being offered for sale by JLL’s Stuart Taylor and Tom Noonan. Karingal Village in Frankston and...
Will Australian retail landlords buy their tenants?
As the risk of retailer exits becomes increasingly heightened, JLL’s Senior Research Analyst Louise Burke discusses the possibility and hurdles for REITs purchasing retailers. Recently, a consortium including major North...
Bunnings Warehouse in Adelaide’s north-east marks prime retail offering
Bunnings Warehouse in Modbury presents investors with a chance to break into a fiercely and tightly held retail market. The site at 933-945 North East Road, Modbury is 100% leased to...
Woolworths to sell four strong performing neighbourhood shopping centres
Woolworths Group Limited are offering four retail investment assets for sale – Spring Farm and Wadalba in New South Wales, Keysborough South in Victoria and Bakewell, Northern Territory. The neighbourhood Shopping...
JLL’s annual Australian Shopping Centre Investment Review and Outlook 2020
According to JLL’s annual Australian Shopping Centre Investment Review and Outlook 2020, the retail sector will be a key focus for investors seeking to take advantage of the more attractive...
Stuart McCann joins CBRE as Head of International Capital, Pacific and Southeast Asia
CBRE has appointment Stuart McCann as Head of International Capital, Pacific and Southeast Asia. Based in Singapore, McCann will primarily be responsible for facilitating cross-border real estate investments into the...
Nick Willis joins JLL as Director, National Retail Investments
Global property services firm, JLL has appointed Nick Willis to the role of Director, National Retail Investments based in Sydney. Willis joins JLL from CBRE where he has spent the past...
JLL appointed to sell The Oasis, Broadbeach
JLL in conjunction with McVay Real Estate, has been appointed to sell what is arguably the Gold Coast’s best mixed-use property, The Oasis Broadbeach in the vibrant heart of Broadbeach. The...
JLL survey reveals refurbishment biggest driver of shopping centre performance
The latest JLL retail centre managers’ survey shows subdued rental outlook and greater online competition as owners invest heavily to boost retailer engagement. Enhancing the tenant mix and refurbishment have emerged...
Change of leadership for JLL’s National Retail Investments team
JLL has announced a new national Retail Investments team structure, with Senior Directors, Jacob Swan and Sam Hatcher being promoted to jointly head JLL’s National Retail Investments business. The national...
Shopping Centre Investment Review FY19
FY19 Market Overview Transaction activity slowed substantially in the second half of FY19. Of the $6.5 billion of transaction volumes recorded in the 2019 financial year, only $1.7 billion (26%)...
Simon Rooney joins CBRE as Executive Managing Director, Retail Investments
Simon Rooney, arguably Australia’s leading Capital Markets broker, will join CBRE as Executive Managing Director, Retail Investments. Rooney is well known for the volume of retail transactions he has executed totalling...
Strengths and opportunities in the constantly evolving Melbourne CBD retail market
It’s CBD Guns issue and a research piece on the Melbourne CBD follows. It’s exhaustive, comprehensive, specialised and professional. A textbook case of an expert research overview. Melbourne’s CBD arguably...
JLL report highlights dining is key to driving customer traffic
JLL’s 20th Retail Centre Managers’ Survey was undertaken in February across 84 JLL-managed shopping centres nationally. The majority were sub-regional centres (37) and neighbourhood centres (26) , while 15 were...
Vicinity Centres puts Midland Gate Shopping Centre on the market
Vicinity Centres has put Midland Gate Shopping Centre in Perth on the market. The centre is a dominant and strong performing regional shopping centre, which has recently undergone a major $100 million...
Dexus puts Beenleigh Marketplace in Brisbane on the market
Dexus Wholesale Property Fund (DWPF) has put Beenleigh Marketplace in Brisbane on the market. The centre is a dominant and strong performing convenience focused sub-regional shopping centre, with significant value-add...
50% stake in Westfield Marion offered for sale
A rare opportunity to partner with Scentre Group in one of Australia’s most dominant retail assets and South Australia’s only Super-Regional shopping centre as a 50% stake in Westfield Marion...
Charter Hall Retail REIT acquires Rockdale Plaza for $142 million
Rockdale Plaza, a dominant and strong-performing convenience based major Sydney sub-regional shopping centre, has sold for $142 million to Charter Hall Retail REIT (CQR) on a capitalisation rate of 6.25%....
Australian retail investment volumes hit the third highest level on record
JLL’s latest annual Australian Shopping Centre Investment Review and Outlook 2019 talks about the ever evolving retail sector creating opportunities for investors. In 2018, sales volumes remain elevated, recording the third highest...
Richmond Marketplace refurbishment complete
Richmond Marketplace, owned by ISPT is celebrating the completion of its latest $11 million refurbishment project with a weekend of jam-packed activities and events for local residents. The centre located in the outer...
Warrawong Plaza opens ‘The Place’
Warrawong Plaza on New South Wales’ South Coast has delivered a new casual dining precinct ‘The Place’ – transforming the shopping centre into a new foodie destination for the Illawarra region,...
Forest Hill Chase unveils The Loft
On Friday 7 December, Forest Hill Chase unveiled a brand new food experience named The Loft, just in time to feed hungry Christmas shoppers. Owned by private investment firm and managed by...
APPF Retail takes 25% stake in Harbour Town, Gold Coast
Acting on behalf of the Future Fund, JLL has negotiated the sale of a 25% interest in Harbour Town Gold Coast, one of Australia’s best performing retail hybrid Outlet Centres....
Blackstone sells Waverley Gardens Shopping Centre for $178 million
Waverley Gardens is a well-established 39,554m2 sub-regional shopping centre located in a strong population growth corridor of the Melbourne metropolitan area, 25 kilometres south-east of its CBD. The centre is...
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